WEBSITE Highwoods Properties Investor Day May 12 Nashville - Flipbook - Page 119
VALUE PROPOSITION
OPERATING MARGIN
70%
69%
68%
66% average
67%
66%
64% average
65%
INVESTOR DAY | 2022
64%
63%
62%
61%
60%
2010
2011
2012
2013
2014
2015
2016
2017
2018
Strong track record of operating margin improvement
Operating margin is calculated by dividing GAAP NOI by GAAP revenue
2019
2020
2021
2022
Outlook
Midpoint